Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises... 

Be sure to get a broker that specializes in these policies, some people are brokers but still do not have access to these types of insurance policies. 

I fixed the roof myself out of my own pocket.I called the insurance broker  and he straight asked me if there was a damage after the hurricaine, so I said a tree fell but I fixed it myself out of my own pocket.

The same can be said for subprime borrows in 2006 that didn't understand what the ARM that the mortgage broker was selling them meant.

Know what’s normal so you can spot what’s NOT.Talk to Brokers/Connections Weekly.

I recommend a broker that works with over 220+ lenders so they have more options than just your one bank.

You need to work with an experienced insurance broker who knows HOAs.  

The fact that you’re CREATIVELY thinking about how to position yourself to add value to a transaction as a “broker” or intermediary is an excellent start.  

Let's compare two scenarios I priced out, Borrower Paid Broker CompensationPurchase Price: $500,000SFR 30 Year Fixed Credit 740 DSCR over 1.00 Meets DTI Requirement 1.

But there is nothing like real world transactions to learn for real....and to do that you'd need a Broker and you'd take on all of the overhead costs.